CP Capital Limited has informed the Exchange that Record date for the purpose of Determining the equity shareholder of Co. entitle to receive the shares of resulting co. is 09-May-2025.
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CP Capital Limited (formerly Career Point Limited) has fixed Friday, May 9, 2025 as the record date for its Composite Scheme of Arrangement involving three companies – Srajan Capital Limited, CP Capital Limited, and Career Point Edutech Limited (CP Edutech). Under the scheme, every equity shareholder of CP Capital holding one fully paid-up equity share of Rs 10 will receive one fully paid-up equity share of Rs 10 in CP Edutech (the Resulting Company). The allotment ratio is 1:1. This means shareholders automatically become shareholders of CP Edutech without any additional payment, based on their holding on the record date. The disclosure was made under SEBI Listing Regulations 30 and 42, and was signed by the Company Secretary on April 24, 2025.
Shareholders holding CP Capital shares as on May 9, 2025 will receive an equivalent number of shares in CP Edutech, effectively splitting their holding into two listed entities. This is a non-cash, neutral-to-mildly-positive corporate action that rewards shareholders with a stake in the separated edutech business while they retain their CP Capital holding.